Digital financial inclusion and carbon neutrality: Evidence from non-linear analysis

Lee, Chien‐Chiang; Wang, Fuhao; Lou, Runchi

doi:10.1016/j.resourpol.2022.102974

Cited by 102 publications

(23 citation statements)

References 78 publications

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“…China is one of the South Asian countries expanding quickly, but it is also one of the most susceptible nations to changing climate (Lee et al 2022 ). According to the World Climate Risk Index 2021, China is one of the seven countries most vulnerable to the impact of climate change, which poses an additional risk to the country’s economic stability (Chen 2022 ).…”

Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: Evaluating the trilemma nexus of digital finance, renewable energy consumption, and CO2 emission: evidence from nonlinear ARDL model

Tian-yu

2023

Environ Sci Pollut Res

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It has been established in 2030 sustainability objectives as per SDGs that highlight the critical importance of access to affordable, renewable energy, robust, long-term industrial progress, and digital financing in CO 2 emission. The intent of study is to test the trilemma nexus between digital finance, renewable energy consumption, and carbon emission reduction with nonlinear ARDL tests. The study acquired the data and applied the nonlinear ARDL test, split analysis tests, and vector-error correction model (VECM) tests. The results of the study highlighted that the increase of digital finance positively enhances the renewable energy and negatively reduces the CO 2 emissions which we calculate to be 11.4% of the digital finance funding on renewable energy goods. For this, a 39% increase in digital financing is noticed by the research findings during the COVID-19 crisis period. Such robust study findings present the latest insights that digital financing is an eminent and viable source of financing for the trilemma nexus with renewable energy consumption and the CO 2 emissions. Following these, multiple research implications are also presented for the key stakeholders.

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Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: Evaluating the trilemma nexus of digital finance, renewable energy consumption, and CO2 emission: evidence from nonlinear ARDL model

Tian-yu

2023

Environ Sci Pollut Res

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“…When considering business competitiveness and outcomes, difficult questions arise about the nature of investment required and how options that advance carbon neutrality might create value for multiple dimensions of performance (e.g., triple bottom line of environmental, social, and economic performance). The resource‐based view of a firm identifies operational capabilities that are valuable, rare, inimitable, and difficult to substitute, both within the firm and across the supply chain structure, as potential sources of strategic value from carbon neutrality (He et al, 2024; Kök et al, 2016). Game theory, employed to consider strategic responses and interactions among stakeholders, explains differences in outcomes (Han et al, 2022; Subramanian et al, 2007).…”

Section: Future Research Directionsmentioning

confidence: 99%

Carbon neutrality: Operations management research opportunities

Zhang,

Wong,

Klassen

2024

J of Ops Management

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Climate change, primarily driven by greenhouse gas emissions (GHGs), is a pressing environmental and societal concern. Carbon neutrality, or net zero, involves reducing carbon dioxide emissions, the most common GHG, and then balancing residual emissions through removing or offsetting. Particularly difficult challenges have emerged for firms seeking to reduce emissions from Scope 1 (internal operations) and Scope 3 (supply chain). Incremental changes are very unlikely to meet the objective of carbon neutrality. Synthesizing a framework that draws together both the means of achieving carbon neutrality and the scope of change helps to clarify opportunities for research by operations management scholars. Companies must assess and apply promising technologies, form new strategic relationships, and adopt novel practices while taking into account costs, risks, implications for stakeholders, and, most importantly, business sustainability. Research on carbon neutrality is encouraged to move beyond isolated discussions focused on specific tactics and embrace a more, though not fully, holistic examination. Research opportunities abound in both theoretical and empirical domains, such as exploring tradeoffs between different tactics, balancing portfolios, and investigating the strategic deployment of initiatives over time. As a research community, we are critically positioned to develop integrative insights at multiple levels, from individual processes to horizontal and vertical partnerships and ultimately to large‐scale systemic realignment and change.

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“…In addition, due to the iterative optimization of algorithms and the rapid upgrade of computer technology, digital inclusive finance can quickly and accurately match the demand side of the industry chain, reduce the information asymmetry between supply and demand, and lower the financing threshold and capital cost of enterprises (Liu et al, 2021). Digital finance reduces transaction costs, improves financing efficiency, optimizes resource allocation, and promotes industrial structure optimization and upgrading (Lee et al, 2022).…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

How does digital finance affect industrial transformation?

Zhanbayev

2023

JIE

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With the continuous advancement of technological revolution and industrial transformation, digital finance supported by big data and artificial intelligence has become an important engine for promoting carbon neutrality. We measured the industrial structure transformation index (ISU) of 30 provinces in China, and discussed the spatial spillover effect and transmission mechanism between digital finance and ISU using the spatial Durbin model. The research results demonstrate that the digital finance development can significantly improve the local ISU. Interestingly, the impact of digital finance on the ISU of adjacent areas has a significantly negative spatial spillover effect, which still exists under the different spatial weight matrix. Digital finance can improve ISU by improving green technology innovation, upgrading industrial structure, and alleviating capital allocation. We also found that the higher degree of marketization and environmental regulation can increase the positive influences of digital finance on ISU. This research proves the effectiveness of the digital finance in improving energy efficiency, and it encourages policymakers around the world to rely on digital finance to promote ecological governance and achieve high-quality economic development.

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Digital financial inclusion and carbon neutrality: Evidence from non-linear analysis

Cited by 102 publications

References 78 publications

RETRACTED ARTICLE: Evaluating the trilemma nexus of digital finance, renewable energy consumption, and CO2 emission: evidence from nonlinear ARDL model

RETRACTED ARTICLE: Evaluating the trilemma nexus of digital finance, renewable energy consumption, and CO2 emission: evidence from nonlinear ARDL model

Carbon neutrality: Operations management research opportunities

How does digital finance affect industrial transformation?

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